128 S Madison Ave

Los Angeles CA 90004

1320 sq. ft.

6242 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Welcome to 128 S Madison Ave, a rare opportunity in the heart of Mid-Wilshire offering both immediate livability and exceptional future upside. This charming 3-bedroom, 2-bathroom home spans approximately 1,320 square feet and sits on a R3 prime lot in one of Los Angeles' most sought-after neighborhoods. The existing residence features a functional layout with ample natural light, comfortable living spaces, and strong rental or owner-user potential. Whether you're looking to move in, lease out, or hold as an investment, the property provides flexibility and value from day one. In addition to the main residence, there is a detached guest house in the rear, ideal for use as a home office, guest suite, or potential income-producing unit, adding flexibility and value to the property. A standout feature of this offering is that plans have already been submitted to the city for the development of a 9-unit, 3-story building, currently in the process of approval. This presents a rare opportunity for investors and developers to acquire a property with significant future development potential while generating income in the interim. Ideally located near Silver Lake, Downtown Los Angeles, and the vibrant Mid-Wilshire corridor, the property offers convenient access to shopping, dining, entertainment, and major employment hubs. Perfect for investors, developers, or end-users seeking long-term upside in a prime central location this is a property with both present value and future potential.

Features

3 bedrooms

2 bathrooms

2 carspaces

1320 sq. ft. floor area

6242 sq. ft. lot size

Single-Family

Property history for 128 S Madison Ave

2023

Sold

$1,051,000

25 Aug 2023 by Rosie Mazariegos, of Equity Smart Real Estate Services

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